TD Power share price jumps 9.4% as FY27 revenue guidance rises

TD Power Systems share price rose as much as 9.4% to an intraday high of Rs 685 on the BSE on Friday, 13 November 2026, a day after the electric generator maker reported its July-September quarter results and raised its revenue forecast for the year. The company said consolidated net profit rose 105.58% to Rs 123.74 crore from Rs 60.19 crore a year earlier, revenue rose 85.94% to Rs 841.31 crore, and it now expects FY27 revenue of Rs 2,900 crore to Rs 3,000 crore, up from its earlier guidance of Rs 2,600 crore.

TD Power Systems makes generators, the machines that turn the spinning motion of a steam turbine, gas turbine, gas engine or hydro turbine into electricity. It sells many of them to global equipment makers that build complete power plants, which is why nearly three-quarters of its order book is for export.

The new element in this quarter's update is where the demand is coming from. In its results presentation the company pointed to repeat, serial-production orders for gas-engine generators used in data centres and distributed power, meaning smaller power units placed close to where electricity is used rather than in one big plant. Data centres that run artificial intelligence workloads need large amounts of reliable power, and many operators are adding their own gas-fired generation. TD Power also cited gas-turbine generator orders from global original equipment manufacturers, the large firms that assemble full turbine sets.

Raising the full-year forecast by Rs 300 crore to Rs 400 crore halfway through the year is a strong signal from management, and the market treated it that way. The company said it expects second-half sales to be split roughly evenly between the third and fourth quarters, at about Rs 725 crore to Rs 750 crore each. Management also gave its first forecast for FY28 and, according to the earnings call, described the chance of raising it as very high. Those are the company's expectations, not results.

Not everyone sees large room from here. Brokerage Monarch Networth Capital kept a "Hold" rating with a target price of Rs 756, according to reports of its note. That is an analyst's view, not a forecast by Peepals, and nothing in this story is advice to buy or sell the shares.

Peepals calculation: The company earned about 14.7 paise of net profit on every rupee of revenue this quarter (123.74 ÷ 841.31 ≈ 0.147), against about 13.3 paise a year ago (60.19 ÷ 452.45 ≈ 0.133, where last year's revenue is 841.31 ÷ 1.8594 ≈ 452.45). Its Q2 orders almost matched its Q2 sales, a book-to-bill ratio of about 0.98 (824.4 ÷ 841.31). And if second-half sales land at Rs 1,450 crore to Rs 1,500 crore as guided, they alone would use up about 63% to 65% of the Rs 2,318.7 crore order book (1,450 ÷ 2,318.7 ≈ 0.63). Our calculation from the reported figures.

Short-term: The guidance raise and dividend lifted the stock on 13 November; shareholders on the register on the record date of 18 November will receive the Rs 0.65 interim dividend.

Long-term: The company's growth is now tied more closely to global spending on gas-fired and distributed power for data centres. If that spending slows, its export-heavy order book is the part most exposed.

Who is affected: TD Power Systems' shareholders; its global turbine and engine customers; workers at its manufacturing plants; and Indian capital-goods investors watching the data-centre power theme.

What to watch next: The record date for the interim dividend is 18 November 2026, and the company's third-quarter results will show whether sales reach the guided Rs 725 crore to Rs 750 crore.

Questions and Answers